TO: Mayor and Commissioners
FROM: Caryn Gardner-Young, Assistant City Manager
THROUGH: Mark R. Lauzier, City Manager
DATE: November 20, 2017
Title
APPROVAL OF AMENDMENT NO. 1 TO THE AGREEMENT WITH T2 SYSTEMS, INC. FOR MULTI-SPACE SMART PARKING METERS, METER EQUIPMENT AND METER SERVICES IN A NOT-TO-EXCEED AMOUNT OF $725,000
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Recommended Action:
Recommendation
Motion to approve Amendment No. 1 to the Agreement with T2 Systems, Inc. for multi-space smart parking meters in an amount not-to-exceed $725,000 through December 13, 2018.
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Background:
On December 6, 2016, the City of Delray Beach (City) entered into an agreement with T2 Systems, Inc. for equipment and services related to multi-space smart parking meters in a total not-to-exceed amount of $600,000. The Public Works Department is requesting an increase of $125,000 to the total agreement amount to allow the City to purchase more meters, meter equipment, and meter services.
Thus far, the City has spent approximately $450,000 of the $600,000 by purchasing fifty six (56) new meters with service. By increasing the agreement amount to $725,000, it will allow the City to purchase and install thirty two (32) additional meters with service, and allow for the purchase of additional equipment for the meters, such as extra bill and coin acceptors. The cost of each new meter is $7,452.00, and each meter has a monthly fee associated with it in the amount of $60.00. It is also estimated that the City will purchase approximately $8,000 in additional equipment for the meters. A contingency fund of $3,459.00 is requested to allow for unforeseen costs.
This motion is in accordance with Code of Ordinances Section 36.02 Commission Approval Required.
City Attorney Review:
City Attorney reviewed the Agreement at initial adoption.
Finance Department Review:
The short and long term financial implications have been described to the City Commission in several City Commission meetings.
Funding Source:
The...
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